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Havells India Q1FY15 net revenue up by 21% to Rs 1,277 crore

Havells India Q1FY15 net revenue up by 21% to Rs 1,277 crore

Author | exchange4media News Service | Tuesday, Jul 29,2014 7:57 AM

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Havells India Q1FY15 net revenue up by 21% to Rs 1,277 crore

Havells India Limited, a $1.3 billion Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global footprint, announced its first quarter performance ended 30th June, 2014.

Below are the highlights of the results:

Standalone performance (Q1FY15 VS Q1FY14)
·         Net Revenue grew by 21% to Rs 1,277 crore during the first quarter ended June 30, 2014 compared to Rs 1,051 crore in the corresponding quarter ended June 30, 2013.
·         PAT grew by 13% to Rs 107 crore for the period ended June 30, 2014 compared to Rs 95 crore in the corresponding quarter previous year.
·         PBT grew by 30% to Rs 150 crore as against Rs 115 crore in the corresponding quarter previous year ended June 30, 2013.

Sylvania global standalone basis Q1FY15 VS Q1FY14
·         Revenue grew to € 107.2 million during the quarter ended June 30, 2014 compared to € 106.7 million to the corresponding quarter ended June 30, 2013. ·         EBIDTA grew to € 4.6 million compared € 4.2 million in the corresponding quarter ended June 30, 2013.

Consolidated performance (Q1FY15 VS Q1FY14)
·         Net revenue grew by 17% to Rs 2,129 crore during the first quarter ended June 30, 2014 compared to Rs 1,823 crore in the corresponding quarter ended June 30, 2013.
·         Net profit grew by 28% to Rs 112 crore during the first quarter as compared to Rs 87 crore in the corresponding quarter previous year.
·         PBT grew by 44% to Rs 163 crore as against Rs 113 crore in the corresponding quarter previous year ended June 30, 2013.

Commenting on the financial performance, Anil Rai Gupta, Joint Managing Director, Havells India said, "Led by cable division, all our business segments have seen strong growth and improvement in margins in the first quarter of the current financial year. Our overseas operations under Sylvania has also registered profit. Overall, the outlook is upbeat as industrial, infrastructure and construction sectors gain momentum with the government taking a number of policy initiatives and reviving stalled projects. We expect strong demand in the cable segment to spread to other segments in the coming quarters. With our wide range of high quality products across segments and a robust distribution network, we are geared to take advantage of this pickup in economic activity."

Business segments (Q1FY15 VS Q1FY14)
·         Electrical Consumer Durables grew by 21% to Rs 269 crore in Q1FY15 as compared to Rs 222 crore in Q1FY14.
·         The Cable division grew by 32% to Rs 535 crore in Q1FY15 as compared to Rs 405 crore in Q1FY14.
·         Lighting and Fixtures segment registered revenue growth of 12% at Rs 165 crore as against Rs 148 crore.
·         Switchgear division grew by 11% to Rs 307 crore in Q1FY15 as against Rs 276 crore in Q1FY 14.
·         Export revenue grew by 9% during the quarter from Rs 65 crore in Q1FY14 to Rs 71 crore in Q1FY15.

Other highlights
·         Expanded Havells Galaxy chain by opening 10 more stores across India, taking the total number of such stores to 235 across the country.
·         Board of Directors approved split of its equity shares of face value of Rs 5 into Rs 1 each on 30th June 2014.
·         Direct presence in 100 towns with more than 5 lac population.
·         Focus now on towns up to 1 lakh population. Out of 1200 towns, already reached nearly 750 towns.

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